Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Q2 growth at 2.3% sequentially with resilient margins of 21.2%. Revenue guidance revised to 1.0%- 2.5%

Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

„We had our highest large deals value at $7.7 billion in Q2 spread across all verticals and geographies. This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs, by delivering the benefits of transformation as well as productivity and cost savings at scale“, said SALIL PAREKH, CEO AND MD. „Strong H1 performance with significant large deal wins, builds a solid foundation for the future. The growing adoption of our Generative AI offering, Topaz, is helping us deliver consistent value and expand market share“, he added.

Contact:
Investor Relations: Sandeep Mahindroo,
+91 80 3980 1018,
Sandeep_Mahindroo@infosys.com,
Media Relations: Rishi Basu,
+91 80 4156 3998,
Rajarshi.Basu@infosys.com,
Harini Babu,
+1 469 996 3516,
Harini_Babu@infosys.com

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